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        City of Muskegon
        Quarterly Budget Reforecast and 2004 Proposed Budget - Non-General Funds
                                                                                                                                                                      Actual As                                                                                                  % Change 
                                            Actual 2001                   Actual 2002                     Original Budget               Actual Through                              Revised Estimate  Change From                                  Original Budget 
                                                                                                          Estimate 2003                      July 2003                  % of                                                                                                     From 2002                               Comments
                                                                                                                                                                      Revised                 2003                   2003 Original                 Estimate 2004                  Revised
202 Major Streets and State Trunklines Fund
        Available Fund Balance - BOY    $          2,989,718
                                                                      $          2,361,992
                                                                                                                        1,607,931
                                                                                                        $                                        1,622,095
                                                                                                                                        $                                                         1,622,095
                                                                                                                                                                                    $                                                14,164
                                                                                                                                                                                                                  $                                                443,895
                                                                                                                                                                                                                                                 $               


        Means of Financing

          Special assessments           $             228,652
                                                                      $             324,200
                                                                                                                          200,000
                                                                                                        $                               $                      -                                     200,000
                                                                                                                                                                                    $                             $                       -                        250,000
                                                                                                                                                                                                                                                 $                                25.00%

          Federal grants                            3,331,781
                                                                                  3,487,352
                                                                                                                          656,000
                                                                                                                                                                -                                    554,000
                                                                                                                                                                                                                              (102,000)
                                                                                                                                                                                                                                                                   841,660
                                                                                                                                                                                                                                                                                  51.92%       STP/TEDF GRANTS (HACKLEY, MC CRACKEN, SHERMAN PROJECTS)

          State grants                                 186,000
                                                                                       91,973
                                                                                                                  10,950,000
                                                                                                                                                 1,646,235
                                                                                                                                                                                                  5,850,000
                                                                                                                                                                                                                           (5,100,000)
                                                                                                                                                                                                                                                                6,000,000
                                                                                                                                                                                                                                                                                   2.56%       SHORELINE DRIVE GRANTS

          State shared revenue                      2,513,944
                                                                                  2,582,023
                                                                                                                        2,675,215
                                                                                                                                                 1,014,357
                                                                                                                                                                                                  2,675,215
                                                                                                                                                                                                                                           -                    2,870,326
                                                                                                                                                                                                                                                                                   7.29%

          Interest income                              159,976
                                                                                       95,702
                                                                                                                          100,000
                                                                                                                                                         62,947
                                                                                                                                                                                                     100,000
                                                                                                                                                                                                                                           -                          50,000
                                                                                                                                                                                                                                                                                  -50.00%

          Operating transfers in                                   -                 100,000
                                                                                                                                    -                          -                                               -                           -                              -        0.00%

          Other                                        283,125
                                                                                  2,635,118
                                                                                                                          320,288
                                                                                                                                                         22,055
                                                                                                                                                                                                     320,288
                                                                                                                                                                                                                                           -                       300,000
                                                                                                                                                                                                                                                                                  -6.33%

                                        $          6,703,478
                                                                      $          9,316,368
                                                                                                                  14,901,503
                                                                                                        $                                        2,745,594
                                                                                                                                        $                                                         9,699,503
                                                                                                                                                                                    $                             $       (5,202,000)
                                                                                                                                                                                                                                                           10,311,986
                                                                                                                                                                                                                                                 $                                 6.31%


60900 Operating Expenditures

5100         Salaries & Benefits        $             596,655
                                                                      $             608,476
                                                                                                                          905,439
                                                                                                        $                                             385,233
                                                                                                                                        $                               43%                          905,439
                                                                                                                                                                                    $                             $                       -                     1,004,582
                                                                                                                                                                                                                                                 $                                10.95%

5200         Operating Supplies                        195,361
                                                                                     194,808
                                                                                                                          209,200
                                                                                                                                                      107,658
                                                                                                                                                                        51%                          209,200
                                                                                                                                                                                                                                           -                       209,200
                                                                                                                                                                                                                                                                                   0.00%

5300         Contractual Services                      894,483
                                                                                     976,042
                                                                                                                          831,651
                                                                                                                                                      621,320
                                                                                                                                                                        75%                          831,651
                                                                                                                                                                                                                                           -                       843,696
                                                                                                                                                                                                                                                                                   1.45%

5400         Other Expenses                                5,589
                                                                                         6,082
                                                                                                                             4,000
                                                                                                                                                           1,509
                                                                                                                                                                        38%                             4,000
                                                                                                                                                                                                                                           -                            4,000
                                                                                                                                                                                                                                                                                   0.00%

5700         Capital Outlays                               1,635
                                                                                                 -                              -                          -            N/A                                    -                           -                              -        0.00%

5900         Other Financing Uses                      610,523
                                                                                  3,059,793
                                                                                                                          640,413
                                                                                                                                                      400,463
                                                                                                                                                                        43%                          940,413
                                                                                                                                                                                                                                    300,000
                                                                                                                                                                                                                                                                   937,326
                                                                                                                                                                                                                                                                                  -0.33%       DEBT SERVICE & TRANSFER TO LOCAL STREETS $300,000 IN 2003/04

                                        $          2,304,246
                                                                      $          4,845,201
                                                                                                                        2,590,703
                                                                                                        $                                        1,516,183
                                                                                                                                        $                               52%                       2,890,703
                                                                                                                                                                                    $                                               300,000
                                                                                                                                                                                                                  $                                             2,998,804
                                                                                                                                                                                                                                                 $                                 3.74%


90000 Project Expenditures

5200         Operating Supplies         $                         -  $                         -  $                          -  $                      -                N/A         $                         -  $                       -  $                          -           0.00%

5300         Contractual Services                   5,026,958
                                                                                  5,211,064
                                                                                                                  13,670,000
                                                                                                                                                 2,413,862
                                                                                                                                                                        30%                       7,987,000
                                                                                                                                                                                                                           (5,683,000)
                                                                                                                                                                                                                                                                7,560,000
                                                                                                                                                                                                                                                                                  -5.35%       SEE "BUDGETED CAPITAL IMPROVEMENTS" FOR DETAIL

5700         Capital Outlays                                       -                             -                              -                          -            N/A                                    -                           -                              -        0.00%

                                        $          5,026,958
                                                                      $          5,211,064
                                                                                                                  13,670,000
                                                                                                        $                                        2,413,862
                                                                                                                                        $                               30%                       7,987,000
                                                                                                                                                                                    $                             $       (5,683,000)
                                                                                                                                                                                                                                                                7,560,000
                                                                                                                                                                                                                                                 $                                -5.35%

                                        $          7,331,204
                                                                      $        10,056,265
                                                                                                                  16,260,703
                                                                                                        $                                        3,930,045
                                                                                                                                        $                               36%                  10,877,703
                                                                                                                                                                                    $                                                                      10,558,804
                                                                                                                                                                                                                                                 $                                -2.93%


        Available Fund Balance - EOY    $          2,361,992
                                                                      $          1,622,095
                                                                                                                          248,731
                                                                                                        $                                             437,644
                                                                                                                                        $                                                            443,895
                                                                                                                                                                                    $                                               195,164
                                                                                                                                                                                                                  $                                                197,077
                                                                                                                                                                                                                                                 $               



        City of Muskegon
        Quarterly Budget Reforecast and 2004 Proposed Budget - Non-General Funds
                                                                                                                                                                             Actual As                                                                                                         % Change 
                                            Actual 2001                        Actual 2002                       Original Budget               Actual Through                              Revised Estimate  Change From                                       Original Budget 
                                                                                                                 Estimate 2003                      July 2003                  % of                                                                                                            From 2002                            Comments
                                                                                                                                                                             Revised                 2003                   2003 Original                       Estimate 2004                   Revised
203 Local Streets Fund
        Available Fund Balance - BOY    $             122,966
                                                                           $             156,747
                                                                                                                                    87,279
                                                                                                               $                                                  9,701
                                                                                                                                               $                                                                 9,701
                                                                                                                                                                                           $                              $            (77,578)
                                                                                                                                                                                                                                                                                    2,866
                                                                                                                                                                                                                                                             $                   


        Means of Financing

          Special assessments           $             120,108
                                                                           $             143,845
                                                                                                                                100,000
                                                                                                               $                               $                      -                                     130,000
                                                                                                                                                                                           $                                                       30,000
                                                                                                                                                                                                                          $                                                   125,000
                                                                                                                                                                                                                                                             $                                  -3.85%

          Federal grants                                           -                             -                              -                          -                                                270,000
                                                                                                                                                                                                                                              270,000
                                                                                                                                                                                                                                                                                         -  -100.00%

          State grants                                   24,000
                                                                                                      -                         100,000
                                                                                                                                                                       -                                              -              (100,000)
                                                                                                                                                                                                                                                                                         -       0.00%

          State shared revenue                         645,381
                                                                                          638,602
                                                                                                                                654,351
                                                                                                                                                             278,331
                                                                                                                                                                                                            654,351
                                                                                                                                                                                                                                                   -                          693,934
                                                                                                                                                                                                                                                                                                 6.05%

          Interest income                                12,845
                                                                                            14,516
                                                                                                                                    10,000
                                                                                                                                                                   535
                                                                                                                                                                                                                 1,000
                                                                                                                                                                                                                                          (9,000)
                                                                                                                                                                                                                                                                                    1,000
                                                                                                                                                                                                                                                                                                 0.00%

          Operating transfers in                       820,000
                                                                                       1,050,000
                                                                                                                                700,000
                                                                                                                                                             372,778
                                                                                                                                                                                                      1,930,000
                                                                                                                                                                                                                                    1,230,000
                                                                                                                                                                                                                                                                              950,000
                                                                                                                                                                                                                                                                                                -50.78%      GENERAL FUND TRANSFER; $300,000 TRANSFER FROM MAJOR ST.

          Other                                               764
                                                                                                 806
                                                                                                                                    20,000
                                                                                                                                                                   353
                                                                                                                                                                                                               20,000
                                                                                                                                                                                                                                                   -                          270,000
                                                                                                                                                                                                                                                                                               1250.00% POSSIBLE CONTRIBUTION FROM MCC FOR TECH CENTER ROAD

                                        $          1,623,098
                                                                           $          1,847,769
                                                                                                                           1,584,351
                                                                                                               $                                             651,997
                                                                                                                                               $                                                      3,005,351
                                                                                                                                                                                           $                                        1,421,000
                                                                                                                                                                                                                          $                                               2,039,934
                                                                                                                                                                                                                                                             $                                  -32.12%


60900 Operating Expenditures

5100         Salaries & Benefits        $             431,139
                                                                           $             546,438
                                                                                                                                443,157
                                                                                                               $                                             283,275
                                                                                                                                               $                               64%                          443,157
                                                                                                                                                                                           $                              $                       -                           463,828
                                                                                                                                                                                                                                                             $                                   4.66%

5200         Operating Supplies                        112,034
                                                                                          115,491
                                                                                                                                    93,500
                                                                                                                                                                88,002
                                                                                                                                                                               94%                             93,500
                                                                                                                                                                                                                                                   -                              93,500
                                                                                                                                                                                                                                                                                                 0.00%

5300         Contractual Services                      508,360
                                                                                          705,199
                                                                                                                                571,529
                                                                                                                                                             376,348
                                                                                                                                                                               66%                          571,529
                                                                                                                                                                                                                                                   -                          604,441
                                                                                                                                                                                                                                                                                                 5.76%

5400         Other Expenses                                1,695
                                                                                              1,769
                                                                                                                                      1,000
                                                                                                                                                                   430
                                                                                                                                                                               43%                               1,000
                                                                                                                                                                                                                                                   -                                1,000
                                                                                                                                                                                                                                                                                                 0.00%

5700         Capital Outlays                                       -                             -                              -                          -                   N/A                                    -                           -                              -               0.00%

5900         Other Financing Uses                                  -                 124,113
                                                                                                                                           -                          -        N/A                                    -                           -                              -               0.00%

                                        $          1,053,228
                                                                           $          1,493,010
                                                                                                                           1,109,186
                                                                                                               $                                             748,055
                                                                                                                                               $                               67%                    1,109,186
                                                                                                                                                                                           $                              $                       -                       1,162,769
                                                                                                                                                                                                                                                             $                                   4.83%


90000 Project Expenditures

5200         Operating Supplies         $                         -  $                         -  $                          -  $                      -                       N/A         $                         -  $                       -  $                          -                  0.00%

5300         Contractual Services                      536,089
                                                                                          501,805
                                                                                                                                510,000
                                                                                                                                                           1,166,368
                                                                                                                                                                               61%                    1,903,000
                                                                                                                                                                                                                                    1,393,000
                                                                                                                                                                                                                                                                              860,000
                                                                                                                                                                                                                                                                                                -54.81% SEE "BUDGETED CAPITAL IMPROVEMENTS" FOR DETAIL

                                        $             536,089
                                                                           $             501,805
                                                                                                                                510,000
                                                                                                               $                                           1,166,368
                                                                                                                                               $                               61%                    1,903,000
                                                                                                                                                                                           $                                        1,393,000
                                                                                                                                                                                                                          $                                                   860,000
                                                                                                                                                                                                                                                             $                                  -54.81%

                                        $          1,589,317
                                                                           $          1,994,815
                                                                                                                           1,619,186
                                                                                                               $                                           1,914,423
                                                                                                                                               $                               64%                    3,012,186
                                                                                                                                                                                           $                                                                              2,022,769
                                                                                                                                                                                                                                                             $                                  -32.85%


        Available Fund Balance - EOY    $             156,747
                                                                           $                 9,701
                                                                                                                                    52,444
                                                                                                               $                               $      (1,252,725)
                                                                                                                                                                                                                 2,866
                                                                                                                                                                                           $                              $            (49,578)
                                                                                                                                                                                                                                                                                  20,032
                                                                                                                                                                                                                                                             $                 



        City of Muskegon
        Quarterly Budget Reforecast and 2004 Proposed Budget - Non-General Funds
                                                                                                                                                                  Actual As                                                                                                 % Change 
                                            Actual 2001                   Actual 2002                  Original Budget               Actual Through                             Revised Estimate  Change From                                Original Budget 
                                                                                                        Estimate 2003                     July 2003                 % of                                                                                                    From 2002     Comments
                                                                                                                                                                  Revised                 2003                   2003 Original                Estimate 2004                  Revised
230 Enterprise Community Fund
        Available Fund Balance - BOY    $                         -  $                         -  $                          -  $                      -                        $                         -  $                       -  $                          - 


        Means of Financing

          Special assessments           $                         -  $                         -  $                          -  $                      -                        $                         -  $                       -  $                          -          0.00%

          Federal grants                                 85,494
                                                                                       85,980
                                                                                                                                 -                          -                                              -                           -                              -       0.00%

          State shared revenue                                     -                             -                              -                          -                                               -                           -                              -       0.00%

          Charges for services                                     -                             -                              -                          -                                               -                           -                              -       0.00%

          Interest income                                          -                             -                              -                          -                                               -                           -                              -       0.00%

          Operating transfers in                                   -                             -                              -                          -                                               -                           -                              -       0.00%

          Other                                                    -                             -                              -                          -                                               -                           -                              -       0.00%

                                        $               85,494
                                                                      $               85,980
                                                                                                     $                          -  $                      -                     $                         -  $                       -  $                          -          0.00%


60900 Operating Expenditures

5100         Salaries & Benefits        $                         -  $                         -  $                          -  $                      -            N/A         $                         -  $                       -  $                          -          0.00%

5200         Operating Supplies                                    -                             -                              -                          -        N/A                                    -                           -                              -       0.00%

5300         Contractual Services                        85,494
                                                                                       85,494
                                                                                                                                 -                          -       N/A                                    -                           -                              -       0.00%

5400         Other Expenses                                        -                             -                              -                          -        N/A                                    -                           -                              -       0.00%

5700         Capital Outlays                                       -                             -                              -                          -        N/A                                    -                           -                              -       0.00%

5900         Other Financing Uses                                  -                             -                              -                          -        N/A                                    -                           -                              -       0.00%

                                        $               85,494
                                                                      $               85,494
                                                                                                     $                          -  $                      -         N/A         $                         -  $                       -  $                          -          0.00%


90000 Project Expenditures

5200         Operating Supplies         $                         -  $                         -  $                          -  $                      -            N/A         $                         -  $                       -  $                          -          0.00%

5300         Contractual Services                                  -                             -                              -                          -        N/A                                    -                           -                              -       0.00%

                                        $                         -  $                         -  $                          -  $                      -            N/A         $                         -  $                       -  $                          -          0.00%

                                        $               85,494
                                                                      $               85,494
                                                                                                     $                          -  $                      -         N/A         $                         -                                $                          -       0.00%


        Available Fund Balance - EOY    $                         -  $                    486
                                                                                                     $                          -  $                      -                     $                         -  $                       -  $                          - 



        City of Muskegon
        Quarterly Budget Reforecast and 2004 Proposed Budget - Non-General Funds
                                                                                                                                                                                   Actual As                                                                                                   % Change 
                                                       Actual 2001                       Actual 2002                   Original Budget               Actual Through                              Revised Estimate  Change From                                   Original Budget 
                                                                                                                       Estimate 2003                      July 2003                  % of                                                                                                      From 2002     Comments
                                                                                                                                                                                   Revised                 2003                   2003 Original                  Estimate 2004                  Revised
254 L.C. Walker Arena Fund
        Available Fund Balance - BOY               $                 3,861
                                                                                     $               19,133
                                                                                                                                          36,327
                                                                                                                     $                                                34,476
                                                                                                                                                     $                                                               34,476
                                                                                                                                                                                                 $                             $              (1,851)
                                                                                                                                                                                                                                                                                    33,195
                                                                                                                                                                                                                                                               $                 


        Means of Financing

          Special assessments                      $                         -  $                         -  $                          -  $                      -                              $                         -  $                       -  $                          -            0.00%

          State grants                                                        -                             -                              -                          -                                                     -                           -                              -         0.00%

          State shared revenue                                                -                             -                              -                          -                                                     -                           -                              -         0.00%

          Charges for services                                    561,449
                                                                                                    623,382
                                                                                                                                    590,000
                                                                                                                                                                    349,904
                                                                                                                                                                                                               610,000
                                                                                                                                                                                                                                                 20,000
                                                                                                                                                                                                                                                                              625,000
                                                                                                                                                                                                                                                                                                 2.46%

          Interest income                                                     -                             -                                 500
                                                                                                                                                                       1,330
                                                                                                                                                                                                                      1,800
                                                                                                                                                                                                                                                      1,300
                                                                                                                                                                                                                                                                                        500
                                                                                                                                                                                                                                                                                                -72.22%

          Operating transfers in - General Fund                   301,000
                                                                                                    271,837
                                                                                                                                    260,000
                                                                                                                                                                    140,000
                                                                                                                                                                                                               140,000
                                                                                                                                                                                                                                           (120,000)
                                                                                                                                                                                                                                                                              200,000
                                                                                                                                                                                                                                                                                                42.86%

          Operating transfers in - TIFA Fund                                  -                             -                              -                          -                                        120,000
                                                                                                                                                                                                                                               120,000
                                                                                                                                                                                                                                                                                    60,000
                                                                                                                                                                                                                                                                                                -50.00%

          Other                                                          520
                                                                                                           371
                                                                                                                                           5,000
                                                                                                                                                                             -                                        1,000
                                                                                                                                                                                                                                               (4,000)
                                                                                                                                                                                                                                                                                      1,000
                                                                                                                                                                                                                                                                                                 0.00%

                                                   $             862,969
                                                                                     $             895,590
                                                                                                                                    855,500
                                                                                                                     $                                              491,234
                                                                                                                                                     $                                                         872,800
                                                                                                                                                                                                 $                                               17,300
                                                                                                                                                                                                                               $                                              886,500
                                                                                                                                                                                                                                                               $                                 1.57%


70805 Operating Expenditures

5100         Salaries & Benefits                   $               11,543
                                                                                     $               11,942
                                                                                                                                          12,692
                                                                                                                     $                                                 7,345
                                                                                                                                                     $                               58%                             12,692
                                                                                                                                                                                                 $                             $                       -                            13,247
                                                                                                                                                                                                                                                               $                                 4.37%

5200         Operating Supplies                                               -                             -                              -                          -              N/A                                    -                           -                              -         0.00%

5300         Contractual Services                                 835,912
                                                                                                    863,565
                                                                                                                                    861,389
                                                                                                                                                                    622,962
                                                                                                                                                                                     72%                       861,389
                                                                                                                                                                                                                                                        -                     890,000
                                                                                                                                                                                                                                                                                                 3.32%

5400         Other Expenses                                                   -                             -                              -                          -              N/A                                    -                           -                              -         0.00%

5700         Capital Outlays                                             242
                                                                                                        4,740
                                                                                                                                                 -                          -        N/A                                    -                           -                              -         0.00%

5900         Other Financing Uses                                             -                             -                              -                          -              N/A                                    -                           -                              -         0.00%

                                                   $             847,697
                                                                                     $             880,247
                                                                                                                                    874,081
                                                                                                                     $                                              630,307
                                                                                                                                                     $                               72%                       874,081
                                                                                                                                                                                                 $                             $                       -                      903,247
                                                                                                                                                                                                                                                               $                                 3.34%


90000 Project Expenditures

5200         Operating Supplies                    $                         -  $                         -  $                          -  $                      -                  N/A         $                         -  $                       -  $                          -            0.00%

5300         Contractual Services                                             -                             -                              -                          -              N/A                                    -                           -                              -         0.00%

                                                   $                         -  $                         -  $                          -  $                      -                  N/A         $                         -  $                       -  $                          -            0.00%

                                                   $             847,697
                                                                                     $             880,247
                                                                                                                                    874,081
                                                                                                                     $                                              630,307
                                                                                                                                                     $                               72%                       874,081
                                                                                                                                                                                                 $                                                                            903,247
                                                                                                                                                                                                                                                               $                                 3.34%


        Available Fund Balance - EOY               $               19,133
                                                                                     $               34,476
                                                                                                                                          17,746
                                                                                                                     $                               $         (104,597)
                                                                                                                                                                                                                     33,195
                                                                                                                                                                                                 $                                               15,449
                                                                                                                                                                                                                               $                                                    16,448
                                                                                                                                                                                                                                                               $                 



        City of Muskegon
        Quarterly Budget Reforecast and 2004 Proposed Budget - Non-General Funds
                                                                                                                                                                       Actual As                                                                                                   % Change 
                                             Actual 2001                   Actual 2002                   Original Budget                 Actual Through                              Revised Estimate  Change From                                    Original Budget 
                                                                                                          Estimate 2003                       July 2003                  % of                                                                                                      From 2002                            Comments
                                                                                                                                                                       Revised                 2003                    2003 Original                  Estimate 2004                 Revised
403 Sidewalk Improvement Fund
        Available Fund Balance - BOY    $             613,738
                                                                      $              (95,006)
                                                                                                                        530,382
                                                                                                       $                                 $           (55,002)
                                                                                                                                                                                     $              (55,002)
                                                                                                                                                                                                                     $          (585,384)
                                                                                                                                                                                                                                                                1,094,083
                                                                                                                                                                                                                                                    $            


        Means of Financing

          Special assessments           $             239,318
                                                                      $             408,133
                                                                                                                        500,000
                                                                                                       $                                 $                      -                                     400,000
                                                                                                                                                                                     $                               $          (100,000)
                                                                                                                                                                                                                                                                     400,000
                                                                                                                                                                                                                                                    $                                0.00%

          Federal grants                                           -                             -                              -                          -                                                    -                           -                              -         0.00%

          State shared revenue                                     -                             -                              -                          -                                                    -                           -                              -         0.00%

          Charges for services                                     -                             -                              -                          -                                                    -                           -                              -         0.00%

          Interest income                                60,374
                                                                                       54,434
                                                                                                                             2,000
                                                                                                                                                            5,772
                                                                                                                                                                                                           40,000
                                                                                                                                                                                                                                         38,000
                                                                                                                                                                                                                                                                         10,000
                                                                                                                                                                                                                                                                                    -75.00%

          Operating transfers in        -                                            195,201
                                                                                                                        100,000
                                                                                                                                                                 -                                    100,000
                                                                                                                                                                                                                                              -                          50,000
                                                                                                                                                                                                                                                                                    -50.00%      FROM STREET FUNDS FOR HANDICAP RAMPS

          Other                         -                             -                                                            -              1,578,010
                                                                                                                                                                                                1,578,010
                                                                                                                                                                                                                               1,578,010
                                                                                                                                                                                                                                                                                -  -100.00%

                                        $             299,692
                                                                      $             657,768
                                                                                                                        602,000
                                                                                                       $                                          1,583,782
                                                                                                                                         $                                                      2,118,010
                                                                                                                                                                                     $                                         1,516,010
                                                                                                                                                                                                                     $                                               460,000
                                                                                                                                                                                                                                                    $                               -78.28%


30906 Operating Expenditures

5100         Salaries & Benefits        $                         -  $                         -  $                          -  $                      -                 N/A         $                         -  $                       -  $                          -            0.00%

5200         Operating Supplies                                    -                             -                              -                          -             N/A                                    -                           -                              -         0.00%

5300         Contractual Services                                  -                             -                              -                           1,013
                                                                                                                                                                         41%                                2,500
                                                                                                                                                                                                                                          2,500
                                                                                                                                                                                                                                                                                -  -100.00%

5400         Other Expenses                                        -                             -                              -                          -             N/A                                    -                           -                              -         0.00%

5700         Capital Outlays                                       -                             -                              -                          -             N/A                                    -                           -                              -         0.00%

5900         Other Financing Uses                      373,443
                                                                                     245,122
                                                                                                                        378,345
                                                                                                                                                       141,528
                                                                                                                                                                         34%                          416,425
                                                                                                                                                                                                                                         38,080
                                                                                                                                                                                                                                                                     466,498
                                                                                                                                                                                                                                                                                    12.02%       DEBT SERVICE ON SIDEWALK ASSESSMENT BONDS

                                        $             373,443
                                                                      $             245,122
                                                                                                                        378,345
                                                                                                       $                                               142,541
                                                                                                                                         $                               34%                          418,925
                                                                                                                                                                                     $                                                   40,580
                                                                                                                                                                                                                     $                                               466,498
                                                                                                                                                                                                                                                    $                               11.36%


90000 Project Expenditures

5200         Operating Supplies         $                         -  $                         -  $                          -  $                      -                 N/A         $                         -  $                       -  $                          -            0.00%

5300         Contractual Services                      622,656
                                                                                     372,642
                                                                                                                        700,000
                                                                                                                                                       285,829
                                                                                                                                                                         52%                          550,000
                                                                                                                                                                                                                                 (150,000)
                                                                                                                                                                                                                                                                     350,000
                                                                                                                                                                                                                                                                                    -36.36% SEE "BUDGETED CAPITAL IMPROVEMENTS" FOR DETAIL

5400         Other Expenses                              12,337
                                                                                                 -                                                               -       N/A                                                                  -                                      0.00%

5900         Other Financing Uses                                  -                             -                              -                          -             N/A                                    -                           -                              -         0.00%

                                        $             634,993
                                                                      $             372,642
                                                                                                                        700,000
                                                                                                       $                                               285,829
                                                                                                                                         $                               52%                          550,000
                                                                                                                                                                                     $                               $          (150,000)
                                                                                                                                                                                                                                                                     350,000
                                                                                                                                                                                                                                                    $                               -36.36%

                                        $          1,008,436
                                                                      $             617,764
                                                                                                                    1,078,345
                                                                                                       $                                               428,370
                                                                                                                                         $                               44%                          968,925
                                                                                                                                                                                     $                                                                               816,498
                                                                                                                                                                                                                                                    $                               -15.73%


        Available Fund Balance - EOY    $              (95,006)
                                                                      $              (55,002)
                                                                                                                            54,037
                                                                                                       $                                          1,100,410
                                                                                                                                         $                                                      1,094,083
                                                                                                                                                                                     $                                         1,040,046
                                                                                                                                                                                                                     $                                               737,585
                                                                                                                                                                                                                                                    $               



        City of Muskegon
        Quarterly Budget Reforecast and 2004 Proposed Budget - Non-General Funds
                                                                                                                                                                   Actual As                                                                                                      % Change 
                                            Actual 2001                    Actual 2002                 Original Budget                 Actual Through                            Revised Estimate  Change From                                      Original Budget 
                                                                                                        Estimate 2003                      July 2003                 % of                                                                                                         From 2002                            Comments
                                                                                                                                                                   Revised                 2003                     2003 Original                   Estimate 2004                  Revised
404 Public Improvement Fund
        Available Fund Balance - BOY    $             421,441
                                                                      $          1,564,898
                                                                                                                  1,250,898
                                                                                                     $                                              985,797
                                                                                                                                       $                                                         985,797
                                                                                                                                                                                 $                                $          (265,101)
                                                                                                                                                                                                                                                              1,113,797
                                                                                                                                                                                                                                                  $            


        Means of Financing

          Special assessments           $                         -  $                         -  $                          -  $                      -                         $                         -  $                       -  $                          -               0.00%

          Property taxes                                           -                             -                              -                          -                                                -                           -                              -            0.00%

          Federal grants                                           -                             -                              -                          -                                     108,000
                                                                                                                                                                                                                                  108,000
                                                                                                                                                                                                                                                                              -  -100.00% EDA GRANT FOR SEAWAY INDUSTRIAL PARK

          State grants                                             -                   52,850
                                                                                                                                 -                                                                          - 

          Contributions                             1,200,000
                                                                                                 -                              -                          -                                                -                           -                              -            0.00%

          Sales of Property                              76,257
                                                                                       70,725
                                                                                                                      100,000
                                                                                                                                                       53,625
                                                                                                                                                                                                 100,000
                                                                                                                                                                                                                                           -                       550,000
                                                                                                                                                                                                                                                                                  450.00%

          Interest income                                31,890
                                                                                       32,294
                                                                                                                          18,000
                                                                                                                                                          9,219
                                                                                                                                                                                                     30,000
                                                                                                                                                                                                                                    12,000
                                                                                                                                                                                                                                                                       20,000
                                                                                                                                                                                                                                                                                   -33.33%

          Operating transfers in                       450,000
                                                                                     150,000
                                                                                                                      150,000
                                                                                                                                                       87,500
                                                                                                                                                                                                 150,000
                                                                                                                                                                                                                                           -                       150,000
                                                                                                                                                                                                                                                                                    0.00%       GENERAL FUND TRANSFER - FIRE EQUIPMENT RESERVE

          Other                                          31,859
                                                                                       39,352
                                                                                                                                 -                          -                                               -                           -                              -            0.00%

                                        $          1,790,006
                                                                      $             345,221
                                                                                                                      268,000
                                                                                                     $                                              150,344
                                                                                                                                       $                                                         388,000
                                                                                                                                                                                 $                                                120,000
                                                                                                                                                                                                                  $                                                720,000
                                                                                                                                                                                                                                                  $                                85.57%


30936 Operating Expenditures

5100         Salaries & Benefits        $                         -  $                         -  $                          -  $                      -             N/A         $                         -  $                       -  $                          -               0.00%

5200         Operating Supplies                                    -                             -                              -                          -         N/A                                    -                           -                              -            0.00%

5300         Contractual Services                                  -                   60,350
                                                                                                                          60,000
                                                                                                                                                          6,910
                                                                                                                                                                     13%                             52,000
                                                                                                                                                                                                                                  (8,000)
                                                                                                                                                                                                                                                                         5,000
                                                                                                                                                                                                                                                                                   -90.38%

5400         Other Expenses                                        -                             -                              -                         5,110
                                                                                                                                                                     73%                               7,000
                                                                                                                                                                                                                                         7,000
                                                                                                                                                                                                                                                                              -  -100.00%

5700         Capital Outlays                                       -                             -                              -                           918
                                                                                                                                                                     92%                               1,000
                                                                                                                                                                                                                                         1,000
                                                                                                                                                                                                                                                                              -  -100.00%

5900         Other Financing Uses                                  -                             -                              -                          -          0%                         150,000
                                                                                                                                                                                                                                  150,000
                                                                                                                                                                                                                                                                   150,000
                                                                                                                                                                                                                                                                                    0.00%       URBAN LAND ASSEMBLY (ULA) LOAN PAYMENT

                                        $                         -  $               60,350
                                                                                                                          60,000
                                                                                                     $                                                 12,938
                                                                                                                                       $                              6%                         210,000
                                                                                                                                                                                 $                                                150,000
                                                                                                                                                                                                                  $                                                155,000
                                                                                                                                                                                                                                                  $                                -26.19%


90000 Project Expenditures

5200         Operating Supplies         $                         -  $                         -  $                          -  $                      -             N/A         $                         -  $                       -  $                          -               0.00%

5300         Contractual Services                        53,375
                                                                                       70,011
                                                                                                                                 -                          -        N/A                                    -                           -                              -            0.00%

5400         Other Expenses                                        -                             -                              -                          -         N/A                                    -                           -                              -            0.00%

5700         Capital Outlays                           593,174
                                                                                     793,961
                                                                                                                      375,000
                                                                                                                                                       70,892
                                                                                                                                                                    142%                             50,000
                                                                                                                                                                                                                              (325,000)
                                                                                                                                                                                                                                                                   375,000
                                                                                                                                                                                                                                                                                  650.00% SEE "BUDGETED CAPITAL IMPROVEMENTS" FOR DETAIL

                                        $             646,549
                                                                      $             863,972
                                                                                                                      375,000
                                                                                                     $                                                 70,892
                                                                                                                                       $                            142%                             50,000
                                                                                                                                                                                 $                                $          (325,000)
                                                                                                                                                                                                                                                                   375,000
                                                                                                                                                                                                                                                  $                               650.00%

                                        $             646,549
                                                                      $             924,322
                                                                                                                      435,000
                                                                                                     $                                                 83,830
                                                                                                                                       $                             32%                         260,000
                                                                                                                                                                                 $                                                                                 530,000
                                                                                                                                                                                                                                                  $                               103.85%


        Available Fund Balance - EOY    $          1,564,898
                                                                      $             985,797
                                                                                                                  1,083,898
                                                                                                     $                                         1,052,311
                                                                                                                                       $                                                     1,113,797
                                                                                                                                                                                 $                                                  29,899
                                                                                                                                                                                                                  $                                           1,303,797
                                                                                                                                                                                                                                                  $            



        City of Muskegon
        Quarterly Budget Reforecast and 2004 Proposed Budget - Non-General Funds
                                                                                                                                                                  Actual As                                                                                                 % Change 
                                            Actual 2001                   Actual 2002                  Original Budget               Actual Through                             Revised Estimate  Change From                                Original Budget 
                                                                                                        Estimate 2003                     July 2003                 % of                                                                                                    From 2002                             Comments
                                                                                                                                                                  Revised                 2003                   2003 Original                Estimate 2004                  Revised
474 Coastal Zone Management Fund
        Available Fund Balance - BOY    $                 2,627
                                                                      $                         -  $                          -  $                      -                       $                         -  $                       -  $                          - 


        Means of Financing

          Special assessments           $                         -  $                         -  $                          -  $                      -                        $                         -  $                       -  $                          -          0.00%

          State grants                                             -                             -                              -                          -                                               -                           -                              -       0.00%

          Federal grants                                 23,480
                                                                                                 -                              -                          -                                               -                           -                              -       0.00%

          Sales of Property                                        -                             -                              -                          -                                               -                           -                              -       0.00%

          Interest income                                          -                             -                              -                          -                                               -                           -                              -       0.00%

          Operating transfers in                         20,853
                                                                                            701
                                                                                                                                 -                          -                                              -                           -                              -       0.00%       LOCAL MATCH FROM GOLF COURSE FUND

          Other                                                    -                             -                              -                          -                                               -                           -                              -       0.00%

                                        $               44,333
                                                                      $                    701
                                                                                                     $                          -  $                      -                     $                         -  $                       -  $                          -          0.00%


30936 Operating Expenditures

5100         Salaries & Benefits        $                         -  $